Matthew Foley’s Legal Guides

Understanding Bankruptcy and Your Credit Rating

June 20, 2011 3:34pm

As a Bankruptcy Attorney, probably the most frequently asked question is how does bankruptcy affect my credit. The universal answer is 7 - 10 years. This is inaccurate and misleading. I advise clients that bankruptcy affects a credit score for 2 years.
Background in Credit - A ...

Financial Components to Letting a Home Go in Arizona

June 15, 2011 6:33pm

When deciding to keep, modify or surrender an interest in real property, a homeowner should consider whether the lender has legal recourse to sue (called "deficiency' laws), any potential tax consequences, and whether foreclosure should be coupled with bankruptcy. Often, letting ...